Frontdoor (NASDAQ:FTDR – Get Free Report) had its target price raised by stock analysts at Benchmark from $80.00 to $96.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price objective points to a potential upside of 3.75% from the company’s previous close.
A number of other equities analysts have also commented on FTDR. The Goldman Sachs Group reiterated a “neutral” rating on shares of Frontdoor in a report on Friday. Oppenheimer increased their target price on Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday. Weiss Ratings cut Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. Finally, Truist Financial raised their price objective on shares of Frontdoor from $82.00 to $105.00 and gave the company a “buy” rating in a research report on Friday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $92.00.
Read Our Latest Report on Frontdoor
Frontdoor Price Performance
Frontdoor (NASDAQ:FTDR – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.17. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The firm had revenue of $645.00 million for the quarter, compared to analyst estimates of $643.40 million. During the same period in the prior year, the firm posted $1.63 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, equities analysts forecast that Frontdoor will post 4.48 EPS for the current fiscal year.
Hedge Funds Weigh In On Frontdoor
Hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Frontdoor during the second quarter valued at $859,552,000. Boston Partners lifted its stake in shares of Frontdoor by 8.5% in the 4th quarter. Boston Partners now owns 5,777,252 shares of the company’s stock worth $333,742,000 after purchasing an additional 454,040 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Frontdoor in the 2nd quarter worth approximately $33,812,000. Marshall Wace LLP purchased a new position in shares of Frontdoor in the third quarter worth approximately $23,871,000. Finally, Reinhart Partners LLC. grew its position in Frontdoor by 25.6% during the fourth quarter. Reinhart Partners LLC. now owns 1,629,152 shares of the company’s stock valued at $93,987,000 after buying an additional 332,556 shares during the period.
Key Frontdoor News
Here are the key news stories impacting Frontdoor this week:
- Positive Sentiment: Frontdoor reported second-quarter adjusted EPS of $1.93, ahead of the $1.76 analyst consensus and up from $1.63 a year ago. Revenue rose 4.5% year over year to $645 million, slightly exceeding estimates of $643.4 million. Frontdoor Q2 Earnings and Revenues Top Estimates
- Positive Sentiment: Management raised its full-year revenue outlook to approximately $2.19 billion-$2.21 billion and forecast third-quarter revenue of $642 million-$652 million, above the $641.1 million consensus. The outlook reflects returning membership growth and margin expansion. Frontdoor Plans Buybacks and Raises Revenue Outlook
- Positive Sentiment: Frontdoor plans to repurchase approximately $330 million of stock in 2026. The buyback authorization may support per-share earnings and signals management confidence in cash generation. Frontdoor Plans Buybacks and Raises Revenue Outlook
- Positive Sentiment: Truist raised its price target from $82 to $105 and upgraded or reaffirmed the stock with a “Buy” rating, providing additional support for the bullish view. Benzinga report
- Neutral Sentiment: Although quarterly results exceeded consensus, some coverage characterized the report as broadly in line with expectations, making the guidance increase and buyback plan the more important incremental catalysts. Frontdoor Q2 Results and Outlook
About Frontdoor
Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.
Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.
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